Danone S.A. (OTCMKTS:DANOY) Short Interest Up 63.6% in May

Danone S.A. (OTCMKTS:DANOY) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 151,700 shares, an increase of 63.6% from the May 15th total of 92,700 shares. Based on an average trading volume of 2,426,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Danone Stock Performance

Danone stock opened at $16.71 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.60. Danone has a twelve month low of $12.16 and a twelve month high of $17.65. The stock’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $15.07.

Danone Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 5th were issued a dividend of $0.3675 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 2.16%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Danone in a research note on Thursday, April 24th. Royal Bank of Canada cut shares of Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Danone Company Profile

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.